Toncoin Surges 3% as UAE Partnership Boosts Whale Accumulation

Toncoin (TON) has gained significant attention following a strategic partnership with the United Arab Emirates (UAE) government. This collaboration allows long-term holders of Toncoin to qualify for a 10-year Golden Visa, provided they stake $100,000 worth of TON for three years. This residency is also extended to close family members, with an additional government processing fee of $35,000. The announcement has sparked a notable increase in whale accumulation and long-term holding activity, as investors react to the enhanced utility and geopolitical incentives offered by the partnership.

According to analysts, the new geopolitical incentive for staking could attract migration-capitalization investors and crypto-native capital to transition to TON. This offering positions Toncoin as a residency-based blockchain token, potentially generating new demand beyond conventional trading cycles. The partnership has already impacted on-chain trends, with wallet activity suggesting an increase in long-term holders.

Derivatives trading has also seen a significant surge, with futures volume increasing by 1981% to $1.44 billion and open interest rising by 28% to $266 million. This indicates active speculative demand, driven by the UAE announcement. The long/short ratio among exchanges was slightly biased towards longs, with Binance at 1.2999 and OKX at 1.78. Liquidation data further supports this transition, with total liquidations amounting to $1.10 million in the last 12 hours, including $632.73K on longs and $469.01K on shorts. This data suggests greater market action and readiness to use leverage as the price reaches major zones.

Wallet activity continues to reflect strong holding behavior around Toncoin’s lower support region, matching the pattern seen before previous upside moves. Long-term addresses have increased their balance sizes, and exchange outflows are up, indicating that holders may be moving TON into cold storage or staking contracts. Technical analysts have begun outlining potential breakout scenarios, with a recent chart placing Toncoin price within a clear trading range. The price has consistently rebounded from the $2.60–$2.80 support zone, with a middle-range resistance at around $3.20 and a higher one at $3.80. According to the analyst Lennaert Snyder, if Toncoin price closes above this range, a bullish run to $4.70 is predicted. The configuration was confirmed by the stable price dynamics in the range and the observation of higher lows in a daily chart. Snyder predicted a multi-stage breakout with limited consolidations, with the potential for TON to reach $5.80 if momentum extends beyond the initial target.

At the time of writing, Toncoin price traded at $2.82, up over 3% in 24 hours. The price surged from $2.74 to a peak of $3.05 before retracing slightly. A 938% rise in volume to $798 million confirmed strong buying interest and possible bullish continuation. The key resistance levels at $3.40 and $3.80 will need to be cleared for further upward continuation. The partnership with the UAE and the resulting geopolitical incentives have positioned Toncoin for potential significant growth, with analysts forecasting a rally to $4.70 if the price breaks above the key $3.20–$3.80 resistance zone.